With the desire to expand livestock farming to increase income, in 2020, the family of Mr. Me Van Lu, in Cang Muong village (Muong Cang commune) borrowed 30 million VND from the production and business household loan program of the District Social Policy Bank Transaction Office. He used this capital to buy another breeding buffalo, at the same time develop a model of raising chickens, ducks, and pigs for breeding and utilize agricultural by-products to make wine.
From those first steps, Mr. Lu has effectively rotated capital, accumulated experience and expanded production scale. Up to now, his family owns a herd of up to 10 buffaloes and cows, along with hundreds of poultry and 2 sows. The total annual income reaches nearly 200 million VND, the family's life is increasingly stable and has food and savings.
Thanks to preferential loans from the Transaction Office of the Social Policy Bank of Than Uyen district, Mr. Me Van Lu has successfully developed a comprehensive livestock farming model.
Mr. Lu shared: "At first, I only raised a few buffaloes and cows, but seeing the effectiveness, I decided to borrow capital to expand. Thanks to the support of the policy bank, I dared to think and act. Now, not only do we have enough to eat, my family also has savings and conditions for my children to study properly." Mr. Lu's story is a clear demonstration of the effectiveness of policy credit when it is deployed to the right subjects. Preferential capital not only helps people escape poverty but also contributes to promoting sustainable development of the rural economy .
Currently, the Transaction Office of the Social Policy Bank of Than Uyen District is implementing many preferential credit programs for farmers. According to Mr. Hoang Van Trang - Deputy Director of the Transaction Office of the Social Policy Bank of the district, up to now, the total outstanding loan balance through the District Farmers' Association has reached 167,005 million VND, with 2,163 customers still having outstanding loans, belonging to 10 credit programs. The capital entrustment through the Farmers' Association has contributed to ensuring that capital reaches the right beneficiaries, timely disbursement and effective management. Thereby, helping many poor households and other policy beneficiaries have the conditions to build solid houses, renovate clean water works, upgrade the environmental sanitation system, and create more jobs for idle workers in the locality.
Staff of the Transaction Office of the Bank for Social Policies in Than Uyen district advise and support farmers in borrowing capital to develop their family economy.
In order to effectively implement policy credit programs, the Transaction Office of the Social Policy Bank of Than Uyen District has proactively coordinated with local Party committees, authorities and entrusted socio- political organizations. The unit currently maintains 12 fixed transaction points in 100% of communes and towns in the area. This is not only a place to conduct transactions but also a place to consult, guide loan procedures, and publicize transparent programs. Thereby, creating the most favorable conditions for people to access capital sources.
In parallel, the work of consolidating and perfecting the network of savings and loan groups is also regularly implemented. These groups act as a bridge between people and banks, contributing to improving the efficiency of capital management and use. At transaction points in communes and towns, the contents and conditions of loans are publicly and clearly posted, creating transparency and increasing the initiative of people in accessing preferential loan policies.
Staff of the Transaction Office of the Social Policy Bank of Than Uyen district regularly visit households borrowing capital to check and supervise to ensure that the borrowed capital is used for the right purpose.
To further improve the efficiency of loan use, in the coming time, the District Social Policy Bank Transaction Office will continue to closely coordinate with entrusted organizations to review and allocate capital to the right subjects and in accordance with regulations. After disbursement, the inspection and supervision of capital use will be strengthened to ensure the right purpose and efficiency, while minimizing overdue debt.
In addition, debt collection will also be focused on to ensure capital is circulated, creating more opportunities for many other households to access. The unit aims to not only provide capital but also accompany and support people to use capital effectively, gradually increase income, and strive to become rich legitimately on their homeland.
Source: https://baolaichau.vn/kinh-te/don-bay-cho-nong-dan-phat-trien-kinh-te-944331
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